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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
Sales $ 37,840 $ 36,242
Costs and expenses    
Cost of goods sold 33,188 31,097
Depreciation and amortization 1,419 1,512
Selling, general and administrative 1,660 1,717
Interest expense, net 81 78
Equity income (89) (148)
Other expense, net 703 38
Income from operations before income taxes 878 1,948
Income taxes 237 395
Net income 641 1,553
Income attributable to non-controlling interests (49) (39)
Net income attributable to Magna International Inc. $ 592 $ 1,514
Earnings per Common Share:    
Basic $ 2.04 $ 5.04
Diluted $ 2.03 $ 5
Weighted average number of Common Shares outstanding during the year [in millions]:    
Basic 290.4 300.6
Diluted 291.2 302.8